Michigan Cities Push for $800M Housing Incentives to Address Affordable Housing Crisis
Posted by Michael Perna on
Could an $800 million plan to boost housing be the answer to Metro Detroit’s affordable housing woes? A growing coalition of Michigan cities and lawmakers think it’s a big step in the right direction. Faced with a shortage of homes and rising costs, they’re backing a proposal to invest $160 million per year for five years to spur new construction and rehab old properties. Officials estimate this could create 10,000 new or revitalized homes over five years, about 2,000 units a year, helping ease the crunch for families across the state. It’s an ambitious, locally driven approach designed to tackle Michigan’s housing crisis without heavy-handed mandates. Instead, the plan would use incentives and partnerships to encourage communities to loosen zoning rules…
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